BAE Systems announces offer to acquire Norkom

Defence, security and aerospace company BAE Systems has announced a recommended offer to acquire Norkom, a provider of counter-fraud and anti-money-laundering solutions to the global financial services industry, where its software assists institutions to comply with regulations on financial intelligence and monitoring.

The offer is to acquire the entire issued share capital of Norkom for 2.10 per share in cash, which values the business at approximately €217m (£137m).

Based in Dublin, Norkom has around 350 employees and its financial crime and compliance solutions are deployed in more than 100 countries, monitoring millions of financial transactions a day for its clients.